Workhorse receives investor consent to release $3M from lockbox for Tenth Additional Note

Workhorse Group Inc.

Investor consented to release $3M from lockbox account tied to $35M Tenth Additional Note issued Feb 12, 2025.
Funds release subject to market conditions; Company expects receipt on April 17, 2025.
Lockbox account holds proceeds from $35M convertible note; monthly releases of $2.625M possible if conditions met.

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